Mueller Water Products Inc [MWA] stock is trading at $16.04, up 2.30%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MWA shares have gain 3.62% over the last week, with a monthly amount glided 2.30%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, Mueller Water Products to Participate in the Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium. In a post published today on Yahoo Finance, Mueller Water Products, Inc. (NYSE: MWA) will participate in the Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium in New York on Thursday, February 22, 2024. Mueller Water Products is scheduled to present at 10:30 a.m. Eastern Time. The presentation will be webcast on the Investor Relations section of the Company’s website www.muellerwaterproducts.com and will be available for 90 days.
From an analyst’s perspective:
Mueller Water Products Inc [NYSE: MWA] stock has seen the most recent analyst activity on August 04, 2023, when Northcoast downgraded its rating to a Neutral. Previously, TD Cowen upgraded its rating to Outperform on May 05, 2023, and elevated its price target to $19. On November 21, 2022, upgrade upgraded it’s rating to Buy. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $12 on August 18, 2022. Northcoast initiated its recommendation with a Neutral. Oppenheimer downgraded its rating to Perform for this stock on November 10, 2021. In a note dated November 09, 2021, Boenning & Scattergood downgraded an Neutral rating on this stock.
Mueller Water Products Inc [MWA] stock has fluctuated between $12.11 and $16.93 over the past year. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Mueller Water Products Inc [NYSE: MWA] shares were valued at $16.04 at the most recent close of the market. An investor can expect a potential drop of -18.95% based on the average MWA price forecast.
Analyzing the MWA fundamentals
Mueller Water Products Inc [NYSE:MWA] reported sales of 1.22B for the trailing twelve months, which represents a drop of -18.55%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.84 points at the first support level, and at 15.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.15, and for the 2nd resistance point, it is at 16.27.
Mueller Water Products Inc [MWA] reported earnings per share of $0.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $0.05 and a surprise factor of 62.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.14 per share, a difference of $0.05 representing a surprise of 35.70%.
Ratios To Look Out For
For context, Mueller Water Products Inc’s Current Ratio is 3.29. Further, the Quick Ratio stands at 1.89, while the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 3.42 and price to earnings (TTM) ratio is 32.58.
Transactions by insiders
Recent insider trading involved Van Arsdell Stephen C, Director, that happened on Mar 01 ’24 when 10000.0 shares were purchased. SVP Water Management Solutions, Takeuchi Kenji completed a deal on Feb 28 ’24 to sell 6658.0 shares. Meanwhile, SVP and CHRO Helms Todd P sold 37000.0 shares on Feb 13 ’24.
